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Holmdel NJ affordable housing back on agenda after Hazlet deal

A proposed 50-unit affordable housing complex in Holmdel that has been mired in litigation will return to the planning board on Tuesday. ....

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Developments in suburban NJ get fed affordable housing credits


The state has distributed $27 million in federal low income housing tax credits to help create 1,300 low income apartments in 21 developments, many in suburban locations.
With awards in areas such as Holmdel, Princeton, and Saddle River, and a combination of mixed-income and 100% affordable projects, these awards help drive the NJ Housing and Mortgage Finance Agency s goals of deconcentrating poverty and encouraging development in communities of high opportunity, the agency said in a written statement.
The Princeton project at 900 Herrontown Road is right off Route 206 and will open up 65 affordable housing units and access to afterschool mentoring and play time at the YMCA. ....

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Focusing on suburbs, state awards $27M in tax credits for 1,363 affordable housing units


Focusing on suburbs, state awards $27M in tax credits for 1,363 affordable housing units
Updated Dec 09, 2020;
Posted Dec 09, 2020
State housing officials on Wednesday announced the award of $27 millon in federal affordable housing tax credits to a total of 21 projects that include 1,363 apartments set aside for people with low and moderate incomes. This affordable project in Trenton, by Conifer Realty, received separate aid under the federal CARES Act.Michael Mancuso | NJ Advance Media for NJ.com
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State housing officials on Wednesday announced the award of $27 million in federal tax credits to developers of affordable housing, with an emphasis on projects that create apartments in suburbs that might otherwise be too pricey for childcare workers, custodians, waiters and others with low and moderate incomes. ....

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